DAVOS: Philippine Finance Secretary Ralph Recto (pic) said the nation’s central bank will continue to deliver interest rate cuts this year, but they may be fewer and farther apart than in 2024 in the face of geopolitical tensions and uncertainties from US policies.
The government will return to the global debt market most likely in the first half to start raising the US$3.5 billion foreign bond sale it plans for 2025, Recto told Bloomberg Television’s Haslinda Amin on Monday (Jan 20) on the sidelines of the World Economic Forum in Davos. The government is in talks with eight banks to help with debt sale, which will be mostly denominated in dollar, he said.
